Consumer price index up in February

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The Consumer Price Index increased 0.4 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

During the last 12 months, the all-items index increased 2.9 percent before seasonal adjustment.

The gasoline index rose sharply in February, accounting for more than 80 percent of the change in the all-items index. The gasoline increase led to a 3.2 percent rise in the energy index despite a decline in the index for natural gas. The food index was unchanged in February, with the food-at-home index unchanged for the second month in a row as major grocery store food indexes were mixed.

The index for all items, except for food and energy, rose 0.1 percent in February after increasing 0.2 percent in January. Indexes for shelter, new vehicles, medical care, and household furnishings and operations advanced; indexes for apparel, recreation, used cars and trucks and tobacco declined.

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